Tag: China: Steel billet prices down RMB 30/t ($4/t) d-o-d on output curbs

China: Steel billet prices drop RMB 30/t ($4/t) d-o-d on output curbs

Aug 8, 2025

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by

Adarsh Ramteke

in Melting Scrap

Steel billet prices in China’s Tangshan decreased by RMB 30/t ($4/t) to RMB 3,070/t ($427/t, including VAT), while SHFE Oct’25 rebar futures edged down by RMB 18/t ($3/t) to RMB 3,213/t ($447/t). Billet prices declined amid sluggish demand from mills due to steady raw material costs. Mills prioritised output cuts over raising prices of their…